Environmentalists’ faint hope that they can get international action on climate change gets fainter each day. Now america Supreme Court put into their despair by kiboshing President Obama’s pledge, at December’s climate talks in Paris, to lead the world on climate change. “This may be the proverbial string which in turn causes Paris to unravel,” The brand new York Times ...

NEW YORK – Global oil prices surged around 12 per cent on Friday after a report once more suggested OPEC might finally agree to cut production to lessen the planet glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil prices were poised to end a few days down as much as 5 ...

Many aging Canadians don’t have nearly enough in the bank for retirement, new research in the Broadbent Institute suggests. Canadians without an employee pension represent 47 per cent of those aged 55-64 in the united states. Only 15-20 percent within this group are middle-class with enough savings to comfortably retire in Ten years. The study says anyone outside this bracket ...

OTTAWA – Justin Trudeau is talking in the need for more federal spending to assist the economy on a day experts are sharing their downgraded forecasts with his government. The prime minister says the country’s economic woes mean it’s more important than ever before for that Liberal government to spend on growth-generating projects like infrastructure. Trudeau’s remarks in Toronto came ...

ANALYSIS CALGARY ? A deal between top oil producers Saudi Arabia and Russia to freeze oil output at current levels may signal that oil prices have recently flattened – but that doesn’t mean the end of pain for that oil and gas sector. Sure, the Doha deal is flawed, but here’s why it could really make a difference to oil prices ...

How bad was 2015 for the Canadian energy industry? Try a 42 percent decline in oil export revenues. Or perhaps an 88 percent drop in propane prices. Even wind and solar capacity had an unremarkable year, despite the policy momentum within their favour. The National Energy Board’s “Highlights of 2015” published Friday, documents the woes of the Canadian energy industry. ...

Regular readers would not normally turn to me like a source of optimism. Yet, in the middle of the current all-enveloping gloom concerning the world economic outlook, while not exactly optimistic, I’ve found myself nothing beats as pessimistic because the markets appear to be. Why the next recession could be different – and more dangerous Joe Chidley: If these signals ...

After months of wrangling, Canadian Pacific Railway Ltd. has reluctantly decided to ask U.S. regulators to weigh in around the first step of its planned takeover of Norfolk Southern Corp. CP’s takeover offer, which NS has repeatedly rejected, proposes putting the Canadian railroad right into a voting trust so that its veteran CEO may take the helm of NS before ...